Market volatility eased slightly after hopes of China’s COVID-19 policy change – Hewlett Packard (NYSE:HPE), Amazon.com (NASDAQ:AMZN)

US stocks closed mostly lower on Tuesday with markets awaiting guidance on the Federal Reserve’s rate hike strategy.

US oil futures closed higher in the prior session on hopes that China would loosen its strict Covid-19 restrictions that raised concerns over economic growth worldwide.

shares of Hewlett Packard Enterprise Company hpe After-hours trading rose on Tuesday after the company posted upbeat results for its fourth quarter and issued a strong forecast for the first quarter.

Major sectors on the S&P 500 closed on a mixed note, with real estate and energy stocks posting the biggest jumps on Tuesday. However, information technology stocks were among the worst performers in the previous session.

The Nasdaq 100 closed down 0.73% at 11,503.45 on Tuesday amid a decline in U.S. shares. Apple Inc And Amazon.com, Inc. Amazon, The S&P 500 dropped 0.16%, while the Dow Jones closed at 33,852.53, up nearly 3 points in the previous session.

The CBOE Volatility Index (VIX) of the Chicago Board Options Exchange fell 1.4% to 21.89.

What is the CBOE Volatility Index?

The CBOE Volatility Index, popularly known as the VIX, is a measure of expected equity market volatility based on S&P 500 Index calls and puts. alternative,

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